Not so long ago, Olympus updated both the E-PL series (E-PL5 reviewed here) and the E-PM series with the OM-D’s sensor and other trickle-down technology. Thus it only made sense that it was also about high time for the E-P3 to be refreshed, too. They’ve taken a bit longer over this one; in fact, the new E-P5 has so much of the OM-D’s technology (and a few other things) that picking one over the other is no longer such an easy decision.
Updated 18 June: I’ve had the chance to shoot with a final production E-P5 and VF-4, and have added conclusions on image quality below. The camera looks and feels physically identical to the earlier prototype I tested. In the intervening time, an update to Adobe Camera Raw has also been released that natively supports the E-P5, so I’ve had the ability to evaluate RAW file quality on a comparable basis to the OM-D.